Blue Owl Capital Corp. (NYSE:OBDC) shares slipped 1.5% in Wednesday after-hours trading after the business development company delivered mixed Q3 results, with investment income aided by a combination of higher dividend income and strong origination activity.

Q3 net investment income per share of $0.47, matching the average analyst estimate, inched down from $0.48 in Q2 and $0.49 in Q3 2023.

Total investment income of $406M, surpassing the $400.5M consensus, rose from $396.8M in the previous quarter and $399.0M in the year-earlier period. The Y/Y increase was mainly due to higher dividend income, partially offset by a decrease in the yield of its debt investment portfolio.

Net asset value per share slid to $15.28 at Sept. 30, 2024, from $15.36 at June 30, 2024.

Total investments at fair value advanced to $13.5B at the end of Q2 from $13.3B at the end of Q2.

New investment commitments during the quarter totaled $1.2B across 23 new portfolio companies and 14 existing ones, compared with $3.3B for the prior quarter.

The company's board declared a Q4 regular dividend of $0.37 a share for stockholders of record as of Dec. 31, 2024, payable on or before Jan. 15, 2025. The board also declared a Q3 supplemental dividend of $0.05 per share for stockholders of record as of Nov. 29, 2024, payable on or before Dec. 13, 2024.

Conference call on Nov. 7 at 10:00 a.m. ET.